Financial Services Financial Services

BOE to lend directly to pension funds, insurers in liquidity stress to counter stability risks

The Bank of England has said it will start work on designing a tool that would enable it to lend directly to pension funds and insurance companies in times of "exceptional" liquidity stress.
At an event* today, Andrew Hauser, the BoE's executive director for markets, said the financial stability implications

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Phoebe Seers

Correspondent


Phoebe has covered Financial Crime and compliance issues for MLex since 2015, initially in the Hong Kong bureau and currently in London. While in Hong Kong she won two SOPA awards for her reporting on corruption in the energy sector in Indonesia. Prior to journalism she worked as a solicitor with a focus on white-collar crime litigation in London and Hong Kong. She has a BA in English and Philosophy from Newcastle University.

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